Citizens JMP Upgrades MSC Income Fund (MSIF) as Strong Q3 Results Support Bullish Outlook

Core Insights - MSC Income Fund, Inc. (NYSE:MSIF) is recognized among the 15 stocks with the highest dividend potential for investment [1] - Citizens JMP upgraded MSC Income Fund to an Outperform rating with a price target of $15, reflecting strong Q3 results [2] Financial Performance - For Q3 2025, MSC Income Fund reported total investment income of $35.4 million and a net increase in net assets from operations of $26.5 million, equating to $0.56 per share [3] - The return on equity was 14.6% on an annualized basis for the quarter and 11.6% for the twelve months ending September 30, 2025 [3] - Dividend income increased by $1.2 million compared to the previous year [3] Dividend Policy - The management plans to maintain the current dividend structure, which includes regular quarterly payouts and a supplemental dividend linked to pretax net investment income [4] - A potential dividend increase is anticipated in 2026 [4] Business Model - MSC Income Fund primarily provides debt financing to private companies that are backed by or being acquired by private equity sponsors [4]